Wang’s Happy Trading

That was a really nice day! Besides the slowdown in late morning, the market was able to climb higher and higher! The Dow finished up +117.54 points; SPX added +18.1 points; and, Nasdaq gained an even +30.0 points!

With oil prices keep going up (crude went above $97 today), alternative energy stocks are becoming more and more popular! Both SPWR and FSLR charged up over $20 each. That made our buy from yesterday a nice profit, almost +100% on SPWR. I cashed out way too early; it would have easily been +200%. But, I’m not complaining. All profits are ble$$ing$!!

OIH is already doing very well for us. We also got into TSL and JASO, which received “buy” ratings from Bank of America after the market today.

(see Happy Trades!! for more details)

Our “happy” members are having fun today:
Nance
Posted November 6, 2007 at 12:19 pm | Permalink (Edit)
My new mantra: Gold is yellow gold; Oil is black gold; AAPL is red gold; MA is plastic gold; BIDU is hundreds of gold (a play on their name).

HappyTrading
Posted November 6, 2007 at 12:20 pm | Permalink (Edit)
GOOG is GOGO!!

HappyTrading
Posted November 6, 2007 at 1:17 pm | Permalink (Edit)
GOOG
here comes GOGO!!

HappyTrading
Posted November 6, 2007 at 1:46 pm | Permalink (Edit)
GOOG
$740++ bring out the champagne!!

BillBigD
Posted November 6, 2007 at 1:47 pm | Permalink (Edit)
SPWR- Those DEC 95’s I bought for $4.50 are NOW $54.00. Rolled twice but kept 2 for giggles.

Frosty Muggs
Posted November 6, 2007 at 1:59 pm | Permalink (Edit)
GOOG - I hit another bagger on my Nov 760s. Another half out. Let it ride *choo-choo*

james
Posted November 6, 2007 at 2:03 pm | Permalink (Edit)
Y’all…
Thank you..Thank you..Thank you..Thank you..Thank you..Thank you..Thank you..Thank you..Thank you..Thank you..Thank you..Thank you..Thank you..Thank you..Thank you..

So much!

And I’m talkin’ appreciation as well as $$$!

sc_troj
Posted November 6, 2007 at 2:03 pm | Permalink (Edit)
Great days guys!

1+ bagger on the AAPL position. Also many good daytrades while having fun with the HAPPY family. Who said trading has to be stressful?

Thanks to all. Bye!
Great “plays” everyone! The great thing is that we’re having fun and making money at the same time!!

Let’s take a look at how the market closed:

INX2 (Internet), SOX (semiconductors), BTK (biotechs), and SWH (software) all closed in the green. But, the big “surges” were in the commondities and related sectors: GLD (gold) +2.11%; GDX (gold miners) +3.59%; XME (metals and mining) +4.29%!!; USO (oil) +2.45%; OIH (oil services) +3.43%! XLF (financials) added +1.69%. PBW (clean energy) jumped +4.35%! FXI (Chinese ADRs) is still alive, adding +4.45%!

SPX

SPX gained +18.1 points to close at 1520.27 (above 1520!). It is pushing on the 10-day MA. If it can rise above the daily MAs, we should see the 10-day MA turn up!

Nasdaq
alt=’nasdaq_11_6_07.jpg’ />
Nasdaq added +30 points to close at 2825.18. It closed above the daily MAs, a good sign! The 10-day MA is rising again!

In my Market Forecast this weekend, I said, “For the new week, I’m looking for the techs to continue to lead the market. SPX will need to at least get above 1520 to be in the neutral ground, and, it looks like it is in a good position to do so early in the week. Here we are, 2nd day of the week, and SPX is above 1520 as the techs lead the way! Isn’t it funny how a couple of sentences, sometimes, can capture the essence of the market?!

After the market, BMC announced 2Q earnings that jumped 34%, sending its stock up +3.33% in AH trading. NILE also also reported good earnings, beating the estimates. Its stock was volatile in AH, but, last checked, it was up more than +12%!! AAPL and GOOG both made new all-time highs today. AAPL closed above $190, at $191.79, trading at $192.15 in AH; while GOOG closed above $740, at $741.79, trading at $742.02 in AH!

Good night and HappyTrading! ™